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Mathematics, 28.06.2019 23:30 frankcaroccio0203

Asimple economy depends on two indastries, agricuture and manufacturing. production of 1 unit of agriculture reqaires 3/4 unvs and 1/2 units of manufacturing. production of i unit of manufacturing requvires 1/4 agriculture and 1/4 units of manufacturing. how many 4 units of ngricultare 1/4 units o should be produced in order to sasisty an external demand of 1000 units of agriculture and 2200 units of manufacturing? follow the steps below to solve the problem. (a) write the input-output matrix, a (b) write the demand matrix, d (e) compute i-a (d) compute (i-a)-1 (e) find the production matrix x = (1-a). d

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